🚨 $BTC AROUND $63.5K — CONSOLIDATION OR THE CALM BEFORE ANOTHER DROP? 👀
BTC is stuck below key moving averages, and the chart isn’t giving bulls much confidence yet.
📉 Technical picture
SAR: $64.44K
EMA21: $64.02K
EMA55: $64.21K
All are sitting above price, keeping pressure on BTC.
⛏️ Miner pressure is getting interesting
Miner fee revenue has fallen to around 0.69% while hashrate keeps pushing higher.
Miners are holding for now, but if margins become too tight, selling pressure could increase.
📊 Momentum isn’t convincing
KDJ remains weak, RSI6 is around 38.8, and volume still looks unimpressive.
🎯 Levels I’m watching:
Resistance: $65K
Support: $62K
Major defense: $60K
My base case: lose $63K → retest $62K → potentially test $60K.
I’d rather scale into a position gradually at lower levels than chase a weak bounce.
The interesting question is whether collapsing miner income is actually a bottom signal — or a warning that more downside is coming.
$60K could be where the real battle begins. 👀
#CPIEasesHikeBets #AIInfraEarningsWatch
#DailyOrbit
BTC is stuck below key moving averages, and the chart isn’t giving bulls much confidence yet.
📉 Technical picture
SAR: $64.44K
EMA21: $64.02K
EMA55: $64.21K
All are sitting above price, keeping pressure on BTC.
⛏️ Miner pressure is getting interesting
Miner fee revenue has fallen to around 0.69% while hashrate keeps pushing higher.
Miners are holding for now, but if margins become too tight, selling pressure could increase.
📊 Momentum isn’t convincing
KDJ remains weak, RSI6 is around 38.8, and volume still looks unimpressive.
🎯 Levels I’m watching:
Resistance: $65K
Support: $62K
Major defense: $60K
My base case: lose $63K → retest $62K → potentially test $60K.
I’d rather scale into a position gradually at lower levels than chase a weak bounce.
The interesting question is whether collapsing miner income is actually a bottom signal — or a warning that more downside is coming.
$60K could be where the real battle begins. 👀
#CPIEasesHikeBets #AIInfraEarningsWatch
#DailyOrbit